Asian Economy News
IMF lowers global growth rate projections for 2019 to 3.5% citing slowdown in several advanced economies
Global growth in 2018 is estimated to be 3.7 percent, as it was last fall, but signs of a slowdown in the second half of 2018 have led to downward revisions for several economies, IMF said.
In 2013-14, the cost of production of urea per tonne from each of these units was more than Rs 43,000 while in the case of units using domestic gas as feedstock, it hovered between Rs 10,000 and Rs 18,000 per tonne.
The Asian Development Bank (ADB) said on Tuesday it has lowered its growth forecasts for developing Asia this year and the next as a softer outlook for the world's second-biggest economy China meant subdued economic activity elsewhere in the region.